PAYMENT: R1 059 105 Per Annum (Level 12), (all-inclusive), PSR 44 will apply to candidates appointed in the Salary Level.
LOCATION: Pretoria
Requirements Required:
- Bachelor’s Degree/ Advanced Diploma/ BTech (NQF 7) in Finance, Project
- Finance, Chartered Accountants, ACCA Qualified or Economics or related field.
- A Postgraduate Qualification in Finance or Project Finance would be advantageous.
- At least 6 – 8 years’ experience in Project Finance, Corporate Finance or Structured Finance, with at least 2 years at a management level.
- Experience in public service would be advantageous.
Competencies Required:
- Client Service Orientation: The ability to interact with and respond to internal and external client needs and expectations in a manner that puts into practice the Batho Pele spirit and meets and exceeds service delivery standards, with priority given to client satisfaction.
- Concern for Quality and Order:
- The desire to see things done logically, clearly and well.
- It takes various forms: monitoring and checking work and information, insisting on the clarity of roles and duties and setting up and maintaining an information system.
Effective Communication:
- The ability to transmit and receive information clearly and communicate effectively to others by considering their points of view in order to respond appropriately.
- This may involve listening, interpreting, formulating and delivering: verbal, non-verbal, written, and/or electronic messages.
- It includes the ability to convey ideas and information in a way that brings understanding to the target audience.
Emotional Intelligence:
- The capacity for recognising their own feelings and those of others, for motivating themselves and others as a result of this awareness and for managing emotions within themselves and in others.
Integrity/ Honest:
- Contributes to maintaining the integrity of the organisation; displays high standards of ethical conduct and understands the impact of violating these standards on an organisation, self, and others; is trustworthy.
Problem Solving and Analysis:
- The ability to understand a situation, issue, problem, etc., by breaking it into smaller pieces, or tracing the implications of a situation in a step-by-step way.
- It includes organising the parts of a problem, situation, etc., in a systematic way; making systematic comparisons of different features or aspects; setting priorities on a rational basis; and identifying time sequences, causal relationships, or if-then relationships.
- Create timely and well-developed solutions by examining alternatives, risks and consequences.
Resources Planning:
- term goals and strategies to achieve them; coordinates with other organisations or parts of the organisation to accomplish goals; monitors progress and evaluates outcomes.
Team Participation:
The ability to work cooperatively with others, to work together as opposed to working separately or competitively.
Valuing Diversity:
The ability to understand and respect the practices, customs, values and norms of other individuals, groups and cultures.
It goes beyond what is required by governmental employment equity regulations to include the ability to respect and value different points -of-view, and to be open to others of different backgrounds or perspectives.
It includes seeing others’ differences as a positive part of the work environment.
It also means being able to work well with a wide variety of people representing different backgrounds, cultures and socio economic levels.
Vision and Purpose:
- Modelling and promoting high personal and professional standards that support the organisation’s vision, mandate and values.
- Sharing goals, objectives and ideas to encourage others to commit to and be enthusiastic about realising the vision.
Computer literacy:
- Knowledge and ability to use computers and technology efficiently.
- Refers to the comfort level someone has with using computer programs and other applications associated with computers (MS Office, Internet, email).
- Includes the ability to learn new applications associated with the business.
Development Financing:
- Economic Development: Knowledge of South African economic development policies and programmes with a specific focus on approaches and methodologies to making markets work for the poor.
Financial Analysis:
- Knowledge of financial data analysis, including the ability to collect and monitor data, conduct financial modelling, analyse results, monitor variances, identify trends, recommend actions and assist with annual and quarterly forecasting.
- This further includes knowledge of types of agreements/contracts typically used in non/limited recourse finance.
Internal Control/ Audit:
Knowledge of how to evaluate control systems for financial, administrative, programme and operational activities to provide reasonable assurances that obligations, costs and disbursements comply with applicable regulations and laws, that property is funded and assets are safeguarded; and that revenues and expenditures applicable to operations are properly recorded and accounted.
Labour Markets: Knowledge of how labour markets work and the current active labour market policy interventions.
Legislative knowledge:
Knowledge of the regulatory environment and processes regarding the implementation of policies, legislation and service delivery programmes and knowledge of the PFMA and NT regulations pertaining to the Jobs Fund.
Project Management:
Knowledge of project management principles, methods, or tools for appraising, conceptualising, structuring, scheduling, coordinating, and managing projects and resources, including monitoring, evaluating and reporting on project impact, costs, work, and contractor performance.
Public Finance Economics:
Knowledge of the field of economics that studies government activities and the alternative means of financing them.
Duties And Responsibility:
- To be responsible for the financial management and oversight of funds allocated to the Jobs Fund (JF), ensuring governance, compliance, andstakeholder engagement.
- The role also focuses on contributing to the knowledge and learning agenda of the Fund by researching and analysing data as well as leading and mentoring junior staff.
Funding Allocation:
- Analysis of Corporate Financials and other relevant reports including analysing current and past financial data and performance.
- Review of new investment proposals (due diligence) and opportunities conducted by project teams.
- Accompany project teams on due diligence visits on a risk basis.
- Review of commercial analysis, financial model analysis, risk and institutional analysis conducted project teams.
- Review appraisal reports for submission to various committees.
- Support project teams at various committees.
- Review contracting documentation and support contracting negotiations.
- Review disbursement documentation required to provide initial funding allocations to projects.
Cost Analysis:
- Review and assess the appropriate levels of project costs by establishing standard costs benchmarked with market data.
- Review of projectlevel financial assessments on a monthly and or quarterly basis.
- Enhance the cost analysis process by establishing and enforcing policies and procedures.
- Review project budgets, including cost estimates for reasonability.
- Provide guidance to finance teams on effective cost analysis.
- Improve the financial status by analysing results and monitoring variances at the fund portfolio level.
- Identify trends and recommend actions to Jobs Fund management.
- Recommend actions by analysing and interpreting data and making comparative analyses.
- Evaluate projects’ expenditures against the Jobs Fund (JF) value for money frameworks
Governance & Compliance:
- Review JFpolicies for alignment with accounting standards.
- Identifying trends in financial performance and providing recommendations for improvement.
- Assists in the development and/or enhancement of program systems and procedures.
- Identifies and manages implementation risks for the assigned programs and develops sufficient risk mitigation for identified risks.
- Supports legal and other staff in ensuring Fund compliance with guidelines and other applicable legislation.
- Provides oversight on the work done on financial data, which includes bulk payroll data for validity, accuracy, and completeness.
- Conducts verification checks on submitted financial information, manages the audit process for the audit of the supported projects.
- Provides overall financial information in preparation for Auditor General (AG) Audits.
Financial Management:
- Monitor the spending against the budget for the allocated programs.
- Review financial models and budget re-projections.
- Develop strategies for enhancing efficient spending against targets.
- Prepares regular reports to various stakeholders on overall fund progress.
- Manages Fund cash flow and prepares drawdown requests to sufficiently capitalise the various programs as and when required.
- Conducts strategic site visits as part of the financial management of the project portfolio.
- Preparing disbursement documentation for consideration and approval by the Head of the Fund.
- Oversee disbursements to approved projects as well as monitor project progress in post-investment.
- Prepares financial reports on allocated fund
Jobs fund support:
- Liaise with implementing stakeholders and promote a culture of adherence towards efficiency and achievement of value for money.
- Promote knowledge management through research and publication of papers.
- Maintain communication with staff regarding financial matters.
- Manage team dynamics in order to meet the Fund’s objectives.
- Assist with the development and maintenance of financial models and forecasting methodologies and tools.
- Quality assures the deliverables produced by the junior staff.
- Lead, mentor and guide team members.
APPLICATIONS: Email: Kaizer.malakoane@gtac.gov.za
